Wedbush Reaffirms Outperform Rating for Beyond (NYSE:BYON)

Wedbush reiterated their outperform rating on shares of Beyond (NYSE:BYON) in a research note published on Friday morning, Benzinga reports. Wedbush currently has a $43.00 target price on the stock.

BYON has been the topic of a number of other research reports. Compass Point began coverage on Beyond in a research note on Thursday, February 1st. They issued a buy rating and a $45.00 price target on the stock. Barclays raised their price objective on Beyond from $24.00 to $30.00 and gave the stock an equal weight rating in a research note on Thursday, February 22nd. Piper Sandler dropped their price objective on Beyond from $27.00 to $26.00 and set a neutral rating on the stock in a research note on Thursday. Needham & Company LLC reaffirmed a buy rating and set a $40.00 price objective on shares of Beyond in a research note on Friday, April 12th. Finally, Maxim Group began coverage on Beyond in a research note on Wednesday, April 17th. They set a buy rating and a $50.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Beyond presently has an average rating of Moderate Buy and a consensus target price of $39.00.

Beyond Stock Down 1.0 %

BYON stock opened at $22.80 on Friday. The company has a fifty day moving average of $30.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market cap of $1.04 billion, a P/E ratio of -3.35 and a beta of 3.76. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27.

Beyond (NYSE:BYON) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The company had revenue of $384.46 million during the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. Research analysts anticipate that Beyond will post -1.77 earnings per share for the current fiscal year.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.